web3 / news / / CoinDesk
Chainlink's Cross-Chain Interoperability Protocol (CCIP) will become the exclusive cross-chain service for Kraken's wrapped crypto assets.
Kraken is replacing LayerZero with Chainlink CCIP for moving its wrapped crypto assets.
KEY POINTS
- Kraken's migration was prompted by Kelp's $292 million LayerZero bridge exploit, the largest in 2026.
- Over $3 billion in assets have now migrated from LayerZero to other cross-chain protocols following security concerns.
- Kraken's migration includes assets on Ink, Ethereum, Unichain, Optimism, with more blockchains planned soon.
- Kraken's parent, Payward, applied this month for a federal trust charter to become a crypto bank.
COMPANIES
Summarized by Newsio from CoinDesk. How we summarize →